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Jagman

05/08/05 7:56 AM

#8342 RE: terry hallinan #8341

terry: Convertible CD's are also the kiss of death to OTC investors, IMO. They are set up so the "lender" can't lose, if the interest isn't paid, then shares are issued at huge discounts and are dumped. But I was referring to conventional bank loans when I said "CAN'T", not convertible debentures.